In this newly-created, New York-based role, Stout will help Nuveen place private funds onto the investment platforms of wealth managers who serve retail and high net worth investors. He is also tasked with growing the firm’s alternative investment distribution capabilities and representing investment strategies to clients on behalf of portfolio managers.

Stout was most recently managing director of business development and investor relations at Corsair Capital Management, an event-driven hedge fund manager, where he was responsible for leading the sales and client service efforts.

Before that, he was a managing director at the hedge fund-of-funds firm Robeco-Sage as well as successor firm Arden Asset Management holding sales, business development and investor relations leadership roles.  

In his new role at Nuveen, Stout will report to Mike Perry, managing director and head of alternative investments.